BDC mounts second bid for P800m loan

Friday, May 10, 2019

Fairscape Precinct PIC. stefanuttistocks.com

Botswana Development Corporation (BDC) is hoping to get lucky on the second try with government to get a P800 million loan from African Development Bank (AfDB).

A previous attempt was rejected after Members of Parliament refused to approve a sovereign guarantee required for the AfDB loan as well as the bond issuance, as Parliament needed more details on the investments that BDC wants to undertake.

BDC’s Head of Corporate Affairs and Strategy, Boitshwarelo Lebang confirmed to BusinessWeek that they have made another application and the process is still ongoing.

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BDC mounts second bid for P800m loan

Botswana Development Corporation (BDC) is hoping to get lucky on the second try with government to get a P800 million loan from African Development Bank (AfDB).

Rollers, Orapa brace for two-part sequel

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Inspect the voters' roll!